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EK results out

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EK results out

Old 9th Nov 2016, 06:27
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EK results out

There we have it.....
Half year profits down by 75% from last year.
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Old 9th Nov 2016, 06:34
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And CM mentioned in a "transformation" role and instead of a Digital & Innovation role....
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Old 9th Nov 2016, 07:27
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Emirates' net profit plummets 75% since March - Transport - ArabianBusiness.com

I expected a bad result, but not as bad like that....
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Old 9th Nov 2016, 07:28
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- 75 %

Still a profit though ... more a reality check perhaps .
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Old 9th Nov 2016, 07:31
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Originally Posted by lospilotos View Post
And CM mentioned in a "transformation" role and instead of a Digital & Innovation role....
Do you have a link for that ?
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Old 9th Nov 2016, 07:42
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Originally Posted by ExDubai View Post
Do you have a link for that ?
In the company email we received today from HH.


So obvious how they try to bury it with the results of the presidential election results 😂
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Old 9th Nov 2016, 07:44
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Originally Posted by Don Corleone View Post
In the company email we received today from HH.


So obvious how they try to bury it with the results of the presidential election results 😂
At least they have now somebody to blame for the next 4 years
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Old 9th Nov 2016, 07:48
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The boat is sinking normally ....
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Old 9th Nov 2016, 07:54
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Wow! Never expected -75% but then again they had ridiculously high profits for many years before.
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Old 9th Nov 2016, 07:58
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Great timing!
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Old 9th Nov 2016, 08:32
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And how many are laughing right now?
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Old 9th Nov 2016, 08:41
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Originally Posted by Jack D View Post
Still a profit though ... more a reality check perhaps .
With oil at 45$, an ideal strategic location, lowest labour costs possible, weather in your favour, modern fleet ( fuel efficient ) ....I hope for EK and Dubai that they ll take that as more than just a reality check.
Seems like a pretty serious warning to me.
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Old 9th Nov 2016, 08:43
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I heard a rumour that EK is about 20% over staffed at the moment so lots of bouncing around at the castle :-)))) If they dont sort out these A380 orders I feel these results will only get worse over the years..
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Old 9th Nov 2016, 08:58
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one underused 380 at 250 million usd is where to cull the bleeding...

lots of staff=250 million dollars
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Old 9th Nov 2016, 09:03
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If they are not careful even the 777 will prove too big for them on .certain routes. Now having over 100 A380s?? You dont have to be a rocket scientist or Muller to see the bleeding of $ where other airlines only ordered 4-5 380's for high density airports only...
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Old 9th Nov 2016, 09:14
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Neither Bus nor Tractor are the problem, Timmy running this as a PR firm, not as an airline is the problem. Marketing spending of $3B is more than entire fleet lease cost $2.8B (240 x $1M/month x 12)
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Old 9th Nov 2016, 09:20
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qr and ey...same strategy same routes same location similar pricing...why people chose to fly them instead of EK is the answer IMO
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Old 9th Nov 2016, 09:24
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Originally Posted by notapilot15 View Post
Neither Bus nor Tractor are the problem, Timmy running this as a PR firm, not as an airline is the problem. Marketing spending of $3B is more than entire fleet lease cost $2.8B (240 x $1M/month x 12)
I agree to a point but in years gone they spent millions on marketing and done very well, in fact our marketing department is one of the strongest dept in the airline... Problem is they havnt account for other airlines like QR expanding and hitting EK where it hurts. Their business model is better equipped to deal with a downturn with more efficient planes unlike EK where they ordered and ordered thinking the whole world will keep flying EK via Dubai... THe EK model is failing BIGTIME!!!!!
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Old 9th Nov 2016, 09:39
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maybe the new quarterback CM will figure out the cost of pilot training and multiply that number with the attrition number
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Old 9th Nov 2016, 10:11
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We urgently need a narrow body between many other changes.
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